Fully Guaranteed Loan. What exactly is A fully guaranteed Loan?
A loan that is guaranteed a loan that a 3rd party guarantees — or assumes your debt responsibility for — in the event that the debtor defaults. Often, financing that is assured guaranteed by government agency, that may choose the financial obligation through the financing lender and undertake obligation when it comes to loan.
Key Takeaways
- A loan that is guaranteed a variety of loan by which a 3rd party agrees to pay for in the event that debtor should default.